New Delhi. The prices of gold and silver, which created a stir in the market last month, are showing a continuous decline. The future prices of gold and silver have become cheaper for the third consecutive day on Tuesday. There was a big fall in the futures prices of gold and silver on Multi Commodity Exchange on Tuesday. Investor sentiment has been affected due to fading expectations of interest rate cut by the US Federal Reserve in December, after which the demand for both the precious metals has also decreased.
On the Multi Commodity Exchange (MCX), futures contracts for delivery in December fell by Rs 1,807, or 1.47 per cent, to Rs 1,21,120 per 10 grams. The price of contracts for delivery in February 2026 declined by Rs 1,833, or 1.47 percent, to Rs 1,22,841 per 10 grams. Gold prices also declined for the third consecutive session and till now they have softened by about Rs 3 thousand.
Big fall in silver also
Silver prices also declined. The price of silver futures contracts for delivery in December fell by Rs 3,660, or 2.36 percent, to Rs 1,51,652 per kg. The price of contracts for delivery in March 2026 declined by Rs 3,368, or 2.13 percent, to Rs 1,54,557 per kg. Globally, Comex gold futures for supply in December fell by 1.60 percent to $ 4,009.5 an ounce. Silver futures fell 2.38 percent to $49.50 an ounce.
How much did the spot price of gold fall in November?
With the softening of futures prices of gold and silver, their prices have also come down in the spot market. On November 1, the price of gold was around Rs 1.28 lakh per 10 grams, which came down to Rs 1.25 lakh on November 18. In this way, the price of gold has come down by about Rs 3 thousand this month. The biggest fall in this entire month came on November 17, when gold fell by Rs 1,970 per 10 grams.
How much did silver fall this month?
Along with gold, spot prices of silver are also falling this month. On November 1, the spot price of silver was around Rs 1.74 lakh per kg, which reached Rs 1.90 lakh in October. But, on November 18, the spot price of silver has fallen to Rs 1.62 lakh per kg. In this way, the price of silver has come down by about Rs 12 thousand so far in November.
Where can gold go in 2026
According to the forecast released for the global market, the price of gold can go from 4,400 to 5 thousand dollars per ounce. Due to increasing demand from central banks and gold ETFs, its prices are expected to rise continuously. If we look at the spot price, next year the price of gold may go around Rs 1.62 lakh to Rs 1.82 lakh per 10 grams. It is believed that the price of gold may rise by 25 to 40 percent next year also.
